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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?


To: Claude Edelson who wrote (2815)1/14/1998 5:59:00 PM
From: Claude Edelson  Respond to of 8358
 
conference call headline - initial dilution seen

=Cabletron -3-: Takeover Rumor Has Circulated Since Summer
[Dow Jones News Service via DowVision 01/14]

Similar rumors that Lucent was eyeing Cabletron have popped up on several occasions since late summer.

In September, however, Cabletron Chairman Craig Benson said in a television interview that the company had no plans to be acquired,

Lucent and Cabletron do have an existing relationship since Lucent has purchased networking equipment from Cabletron. However, a few industry analysts who follow Cabletron expressed doubt about the most recent rumor. They believe that Cabletron will be announcing a smaller acquisition of its own.

There has also been longstanding market speculation that Lucent was interested in acquiring Ascend Communications Inc. (ASND), another networking equipment maker.